Assessing suitability has been a key theme from the regulator since 2016. The premise is a good one, particularly in the wake of mis-selling scandals and RDR;
Understand your client’s objectives, their capacity for loss should the worst happen, their attitude to risk, complete comprehensive research and due diligence of product and services, and then make a suitable recommendation meeting those factors. Makes sense. Where can Selectapension help?
Selectapension has offered a Report Writing service since 2013, which covers all our tools.
The service has expanded since the Pensions Freedoms were introduced and the demand for Defined Benefit transfer analysis reports soared. According to Gary Hollands, who heads up the Report Writing team, there are a number of reasons why the service is popular. “Some of our customers do pension
According to the ONS, divorce among people aged 60 and over has risen from 14,564 in 2010 to 15,976 in 2016.
Financial advisers assisting these Silver Splitters are involved in some very wide ranging, complex analysis and recommendations. Becoming single in retirement can really hit household income. This is usually more detrimental to women than men as they generally have lower private pension income to f
Peter Bradshaw, Director, considers the impact of the FCA Policy Statement and some changes we have implemented in response.
In October 2018, the Policy Statement “Advising on Pension Transfers” introduced some significant changes for those advisers involved in this specialist area. Crucially it mandates a personal recommendation based on an individual’s needs and circumstances, and factors to assess suitability. Co
How our population is changing and why it matters.
An ONS report published in the summer showed that despite a decline in the rate of increase in life expectancy, people are continuing to live longer. The statistics will inevitably raise questions for the government about how long people should work for, the state pension age and how much provision